(SHORT
NOTES FROM TEAM MANAGEMENT: Performance Management at http://www.mindtools.com)
Performance appraisals are a dreaded
meeting where you have to tell your people what you really think of them. People’s performance is critical to an
organization's success. We often fail to
monitor their progress on a regular basis.
For most organizations, people genuinely
are "their most important assets". You need to look after your people if you want
to get the best from them.
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Benefits
of conducting regular
performance appraisals
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Detect and eliminate barriers to
effective performance.
Pick up dissatisfactions that would
otherwise lead people to leave.
Focus people's efforts in the right
direction.
Motivate people to work towards
important goals.
Help them develop skills and
competencies necessary to achieve future objectives.
Celebrate
their successes.
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Purpose of Performance Appraisals
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Traditionally,
top-down, subjective judgments of an employee's performance
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can
help to build an open, positive, collaborative relationship between
individuals and their managers
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provide a useful forum for giving feedback about
what has gone well, or not so well
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"punctuation points," where you can look
back together at progress towards existing goals, discuss and solve any
related problems, and celebrate particular achievements
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